The US government gained control of more than 144,000 BTC— worth 122M USD

The bitcoin (BTC) price has actually been a runaway train of late and also there is relatively absolutely nothing that can get in its method. Some think that even if one of the largest BTC whales, the US Federal government, chooses to market its stockpile currently worth billions of USD it would not have a material impact on the market as BTC trading quantities greater than doubled in a month.

As reported, in November, the United States Division of Justice (DoJ) has actually forfeited BTC 69,370, worth over USD 1bn at the time. At the time of composing (07:59 UTC), it deserves greater than USD 2.7 bn, as BTC is trading at USD 39,629 after it briefly touched USD $42,000 yesterday.

The US federal government currently controls the 6th wealthiest BTC address (and the fourth richest if we exclude addresses managed by crypto exchanges).

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

- Advertisement -

Comments are closed.